Dominican Republic: Market for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs 2025

Market Size for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in the Dominican Republic

The Dominican seafood meals and pellets market fell rapidly to $X in 2021, waning by -15.9% against the previous year. The market value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, consumption reached the peak level of $X, and then declined remarkably in the following year.

Production of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in the Dominican Republic

In value terms, seafood meals and pellets production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 43% against the previous year. As a result, production attained the peak level of $X, and then shrank in the following year.

Exports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Exports from the Dominican Republic

Seafood meals and pellets exports from the Dominican Republic contracted markedly to X kg in 2015, falling by -48.1% on the previous year's figure. In general, exports faced a significant decline. Over the period under review, the exports attained the maximum at X tons in 2014, and then dropped markedly in the following year.

In value terms, seafood meals and pellets exports contracted significantly to $X in 2015. Overall, exports faced a sharp contraction. Over the period under review, the exports attained the maximum at $X in 2014, and then contracted dramatically in the following year.

Exports by Country

Sao Tome and Principe (X kg) was the main destination for seafood meals and pellets exports from the Dominican Republic, accounting for a approx. 100% share of total exports.

From 2014 to 2015, the average annual rate of growth in terms of volume to Sao Tome and Principe was relatively modest.

In value terms, Sao Tome and Principe ($X) emerged as the key foreign market for flours, meals and pellets of fish or of crustaceans and molluscs exports from the Dominican Republic.

From 2014 to 2015, the average annual rate of growth in terms of value to Sao Tome and Principe was relatively modest.

Export Prices by Country

The average seafood meals and pellets export price stood at $X per ton in 2015, shrinking by -14.8% against the previous year. Over the period under review, the export price continues to indicate a deep contraction. The export price peaked at $X per ton in 2014, and then declined in the following year.

As there is only one major export destination, the average price level is determined by prices for Sao Tome and Principe.

From 2014 to 2015, the rate of growth in terms of prices for Aruba amounted to 0.0% per year.

Imports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Imports into the Dominican Republic

In 2021, approx. X tons of flours, meals and pellets of fish or of crustaceans and molluscs were imported into the Dominican Republic; waning by -19.9% compared with the year before. Over the period under review, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by +0.9% against 2019 indices. The pace of growth was the most pronounced in 2016 with an increase of 30%. Imports peaked at X tons in 2020, and then declined notably in the following year.

In value terms, seafood meals and pellets imports dropped to $X in 2021. Overall, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +10.6% against 2019 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 44%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

The United States (X tons), Ecuador (X tons) and Brazil (X tons) were the main suppliers of seafood meals and pellets imports to the Dominican Republic, together comprising 97% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ecuador (with a CAGR of +54.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest seafood meals and pellets suppliers to the Dominican Republic were the United States ($X), Ecuador ($X) and Brazil ($X), with a combined 96% share of total imports.

Ecuador, with a CAGR of +59.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average seafood meals and pellets import price stood at $X per ton in 2021, rising by 7.4% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 20% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Ecuador ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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